It was Labor Day yesterday and New York and Canadian markets were closed.
Friday saw Wall Street benchmarks put in a higher finish but today futures indicate a start in the red as traders continue to fret about the North Korea missile threat. Two days ago, the country conducted its sixth and largest nuclear test and has a rocket being moved towards its west coast currently, according to some reports.
Stocks in play in pre-market include United Technologies Corp (NYSE: UTX), which has unveiled plans to buy out the high-tech aerospace and defense group Rockwell Collins Inc (NYSE: COL) for an eye-watering $23bn. UTX shares lost 5% in the regular session
The new entity would be the globe's fourth largest aerospace firm by revenue after Boeing (NYSE: BA), Airbus (EPA:AIR)) and Lockheed Martin (NYSE: LMT).
Rockwell shares are down 0.34% in pre-market but later added 0.46% to $131.21.
JUST IN: United Technologies agrees to buy Rockwell Collins for about $140 a share, sources say https://t.co/AwXtRVjE2a pic.twitter.com/Zwr0rzlKIa
— Bloomberg (@business) 4 September 2017
Computer behemoth Hewlett Packard Enterprise Co (NYSE:HPE) is posting quarterly results today after the bell.
Wall Street expects earnings of $0.26 per share on revenue of $7.51bn. Shares tumbled 20.76% after the close on Friday and are down 1.82% after hours. Shares lost 2.9% in regular trading to $13.88.
The firm behind the ubiquitous children’s' toy Lego was making headlines as it saw revenue fall 5% and profits down 3% on Tuesday in its half year numbers.
The Danish group now revealed it is cutting 1,400 jobs worldwide - 8% of the 18,200-strong workforce.
Elsewhere, Casey's General Stores Inc (NYSE: CASY) is expected to have earned $1.49 per share on revenue of $2.17 billion in its latest quarter. Casey's will release earnings after the markets close. Casey's shares rose 0.07 percent to close at $105.49 on Friday. Caseys shares today lost 0.32% to $105.15 on the day.